World Kinect Co. (NYSE:WKC) Shares Sold by Hara Capital LLC

Hara Capital LLC lessened its stake in World Kinect Co. (NYSE:WKC) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,908 shares of the company’s stock after selling 550 shares during the quarter. Hara Capital LLC’s holdings in World Kinect were worth $52,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. acquired a new position in shares of World Kinect during the 3rd quarter valued at $138,806,000. Hennessy Advisors Inc. acquired a new position in shares of World Kinect during the 4th quarter valued at $50,707,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of World Kinect by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,371,030 shares of the company’s stock valued at $42,379,000 after acquiring an additional 4,201 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of World Kinect by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,370,124 shares of the company’s stock valued at $42,358,000 after acquiring an additional 22,077 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of World Kinect by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,341,484 shares of the company’s stock valued at $41,465,000 after acquiring an additional 56,952 shares in the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

World Kinect Stock Performance

Shares of WKC stock opened at $27.32 on Tuesday. World Kinect Co. has a 12 month low of $21.38 and a 12 month high of $31.70. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.16 and a quick ratio of 0.99. The firm has a market capitalization of $1.59 billion, a P/E ratio of 12.14, a P/E/G ratio of 0.92 and a beta of 1.27. The company’s fifty day moving average price is $27.90 and its two-hundred day moving average price is $28.43.

World Kinect Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 23rd were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.49%. World Kinect’s dividend payout ratio is currently 30.22%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lowered shares of World Kinect from a “buy” rating to a “hold” rating and reduced their target price for the company from $33.00 to $32.00 in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.20.

World Kinect Company Profile

World Kinect Corporation operates as an energy management company in the United States, the Americas, Europe, the Middle East, Africa, and the Asia Pacific. This segment also offers fuel management, price risk management, ground handling, dispatch services, and trip planning services, such as flight planning and scheduling, weather reports and overflight permits; payment and processing services; and operates a web-based marketplace platform.